Tommy Hilfiger sales rise
- Published: 20 October 2008 13:00
- Author: Marino Donati
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- Last Updated: 20 October 2008 13:07
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Tommy Hilfiger's sales rose 30.5% to €755 million (£582.5m) for the six months to September 30.
Tommy Hilfiger said that acquisitions of two former licensees, Tommy Hilfiger Footwear Europe and Tommy Hilfiger Japan, contributed 16.4% of the total growth over the period.
European sales showed the biggest growth, up 25.9% to €390m (£300.9m), boosted by growth of wholesale revenue from expanded product groups including footwear. Like-for-like retail sales were up 3.4%, and total retail sales were up 6.2% overall.
In North America, Tommy Hilfiger's sales increased 16.7% to $356m (£204.8m) over the period with retail sales up 6% on a like for like basis.
Sales in Canada dropped 1.9% following strategic downsizing of the wholesale business.
Tommy Hilfiger said that sales in Japan were developing as expected and making a significant contribution to overall growth. Licensing partners in Central and South America and the rest of Asia enjoyed very strong double digit growth.
Tommy Hilfiger opened 50 stores during the period, taking the global total to 850 at September 30.
For more on Tommy Hilfiger, read Drapers' interview with founder Tommy Hilfiger
